Ayala Tower One
Encyclopedia
Tower One & Exchange Plaza is one of the tallest and most well-known skyscraper
s in the Philippines
. It has a height of 160 metres (525 feet). The building has 35 floors above ground level, and is originally planned to be the first of three towers for the Ayala Triangle. Plans for the construction of the two additional buildings did not materialize though.
Tower One & Exchange Plaza was designed by Skidmore, Owings and Merrill, LLP
. Leandro V. Locsin & Partners
was the local architect of record. The building is owned by Ayala Land
, a subsidiary of the Ayala Corporation
, which is headquartered in the building (see Ownership). Other institutions headquartered at Ayala Tower One include the primary trading floor of the Philippine Stock Exchange
and Banco de Oro Universal Bank
(BDO). It is the headquarters of the Ayala Corporation
, the company that built the Makati Central Business District.
and Paseo de Roxas, on one of the three ends of the Ayala Triangle. Tower One & Exchange Plaza is located near two other famous buildings, the headquarters of Bank of the Philippine Islands
, an Ayala Corporation company, and the former main office of Insular Life.
relocating from Makati City to the Tektite Towers - West Tower in the Ortigas Center
. Ayala Land was hoping that the Philippine Stock Exchange would reconsider its plan. It did not completely succeed with its attempt to keep the stock exchange exclusively in Makati City since the Philippine Stock Exchange ultimately decided to have two trading floors: one each in Makati and Ortigas Center. But the building did become one of the most prestigious office towers in the country.
Skyscraper
A skyscraper is a tall, continuously habitable building of many stories, often designed for office and commercial use. There is no official definition or height above which a building may be classified as a skyscraper...
s in the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
. It has a height of 160 metres (525 feet). The building has 35 floors above ground level, and is originally planned to be the first of three towers for the Ayala Triangle. Plans for the construction of the two additional buildings did not materialize though.
Tower One & Exchange Plaza was designed by Skidmore, Owings and Merrill, LLP
Skidmore, Owings and Merrill
Skidmore, Owings and Merrill LLP is an American architectural and engineering firm that was formed in Chicago in 1936 by Louis Skidmore and Nathaniel Owings; in 1939 they were joined by John O. Merrill. They opened their first branch in New York City, New York in 1937. SOM is one of the largest...
. Leandro V. Locsin & Partners
Leandro Locsin
Leandro V. Locsin was a Filipino architect, artist, and interior designer, known for his use of concrete, floating volume and simplistic design in his various projects. An avid collector, he was fond of modern painting and Chinese ceramics. He was proclaimed a National Artist of the Philippines...
was the local architect of record. The building is owned by Ayala Land
Ayala Land
Ayala Land, Inc. is the real estate arm of Ayala Corporation, one of the Philippines' oldest and largest conglomerates. From an internal division of Ayala Corporation, it was spun off and incorporated in 1988. It was publicly listed in the Philippine Stock Exchange in 1991...
, a subsidiary of the Ayala Corporation
Ayala Corporation
Ayala Corporation is a holding company for the diversified interests of the Ayala Group. Founded in the Philippines by the Spanish and German Ayala, Roxas, and Zobel families during colonial rule, it is the country's oldest and largest conglomerate...
, which is headquartered in the building (see Ownership). Other institutions headquartered at Ayala Tower One include the primary trading floor of the Philippine Stock Exchange
Philippine Stock Exchange
The Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...
and Banco de Oro Universal Bank
Banco de Oro Universal Bank
Banco de Oro Universal Bank , commonly known as Banco de Oro and BDO, is a major bank in the Philippines. It is owned by the SM Group of Companies, one of the country's largest conglomerates and owner of the SM chain of malls...
(BDO). It is the headquarters of the Ayala Corporation
Ayala Corporation
Ayala Corporation is a holding company for the diversified interests of the Ayala Group. Founded in the Philippines by the Spanish and German Ayala, Roxas, and Zobel families during colonial rule, it is the country's oldest and largest conglomerate...
, the company that built the Makati Central Business District.
Location
The building is located at the corner of Ayala AvenueAyala Avenue
Ayala Avenue is an avenue in Makati City in the Philippines. It is one of the busiest thoroughfares in Metro Manila, crossing through the heart of Makati's central business district. Because of the many businesses located on the avenue, Ayala Avenue is aptly nicknamed the Wall Street of the...
and Paseo de Roxas, on one of the three ends of the Ayala Triangle. Tower One & Exchange Plaza is located near two other famous buildings, the headquarters of Bank of the Philippine Islands
Bank of the Philippine Islands
Bank of the Philippine Islands is the oldest bank in the Philippines still in operation and is the country's third largest bank in terms of assets, the country's largest bank in terms of market capitalization, and the country's most profitable bank...
, an Ayala Corporation company, and the former main office of Insular Life.
History
This building was built solely as a response to the Philippine Stock ExchangePhilippine Stock Exchange
The Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...
relocating from Makati City to the Tektite Towers - West Tower in the Ortigas Center
Ortigas Center
Ortigas Center is Metro Manila's second most important Philippine financial district-cum-central business district after the Makati Financial and Central Business District in Makati City. With an area of at least 100 hectares, the district is located at the boundaries of Pasig City, Mandaluyong...
. Ayala Land was hoping that the Philippine Stock Exchange would reconsider its plan. It did not completely succeed with its attempt to keep the stock exchange exclusively in Makati City since the Philippine Stock Exchange ultimately decided to have two trading floors: one each in Makati and Ortigas Center. But the building did become one of the most prestigious office towers in the country.